Crypto Newsletter

The EU regulation MiCA has been fully enforced since July 1, 2026, forcing all crypto providers to obtain licenses or exit the European market. This leads to service shutdowns like USDT access and triggers massive user migration, while the EU is already planning a review of the rules with focus on non-EU stablecoins.

Ethereum has established itself as the dominant settlement infrastructure for stablecoins, with over 170 billion USD on the platform, underlining its strategic importance for DeFi, tokenized assets, and institutional payments.

Bitcoin shows volatile sideways trading with multiple bounces and pullbacks, while technical analysts discuss critical price points and question whether a bottom is in; Ethereum moves within the 1,700–1,800 USD corridor.

Arbitrum and Polygon lead the L2 ecosystem with high transaction rates and DeFi activity, while new DeFi protocols (Aave, Morpho, Pendle) and Bitcoin L2 solutions gain momentum, signaling a potential altcoin season.

Spot Bitcoin ETFs reached over 130 billion USD in AUM, while companies like MicroStrategy and Morgan Stanley hold Bitcoin as strategic reserves; however, massive outflows of approximately 8 billion USD from institutional positions have been observed since end of June.

The strong concentration of sequencer power and infrastructure control among few providers in Layer-2 networks threatens the decentralized paradigm and creates new monopoly and failure risks for the DeFi ecosystem.